Among the several unversed charges which have been concerned to the customers is WUVISAAFT. In this article, we have clarified what the charges are, and is it legitimate. We have detailed other related topics like why are the charges applicable, and is it avoidable.
Many users, while checking their bank statements, came across a charge labelled WUVISAAFT. While many are unaware of the charge, we have covered them all. In this article, we have explained what WUVISAAFT charge is, and its several uses.
What is WUVISAAFT?
The WUVISAAFT, which stands for Western Union Visa Acquirer Fee Transaction, is associated with Western Union. It is a prominent and trustable money-transfer service that allows users to send money to any part of the world. The charge is a fee which is applied to the transactions made by Western Visa through the Union Card.
When an individual makes the transaction through the Union Card or the Visa Card, the company acquires a Visa fee for initiating and completing the transaction. Later, the fees are passed to the customer in the form of a WUVISAAFT charge.
In more simple terms, it is a processing fee charge for utilising Western Union with the visa charge.
However, it is important to note that the charge is not a fraud or scam activity. Termed as a legitimate fee, it is disclosed in the company’s terms and conditions. However, it might astonish customers who are unversed or have never heard about the fees.
Why Does The Company Charge It?
According to the venture, Western Union, it is important to cover the costs associated with processing transactions and maintaining its global network. It has a vast network of partners and agents worldwide. This fee also helps to ensure that they can provide services securely and effectively.
Is the WUVISAAFT charge the same for all transactions?
No, the charges for WUVISAAFT will vary depending on the transaction and the country it is shared with. The union shares that a fee can range from $0.50 to $10; however, the typical fee is around 1 percent of the total transaction amount.
Also Read – VIOC Charge on Bank Statement: Is It a Fraudulent Charge?
Can I Avoid the WUVISAAFT Charges?
As of 2024, the charges included in WUVISAAFT are unavoidable. Nevertheless, if you are charged an error with the transaction or you were charged multiple times with the transaction, you can talk to Western Customer Service for the required refund.
Is Western Union the only money transfer charged by the service?
When using a Western Union card, the charges may be comparable to those of a VISA card. It is important to carefully review the terms and conditions of the money transfer before proceeding with the transaction to gain a clear understanding of any potential fees that may be incurred.
What to do if the transaction featured has not been initiated by you?
In such cases, it is advisable to contact your bank and let them know about transactions done through Western Union Bank. In such cases, it is also best to contact your customer service for additional investigation.
Wrapping Up
In essence, the charge known as “WUVISAAFT” featured on your bank statement is legitimate and is related to the Western Union added to your VISA Card. However it surprised several customers, it has already been mentioned in the Western Union’s terms and conditions. To know more about the charges, you can go through the above-mentioned guide.
